Upvest raised €7 million in a round led by Notion Capital, with support from Partech Ventures and Holtzbrinck Ventures.

Upvest, a Berlin, Germany-based SAAS developer of APIs for the financial service industry, announced that it raised a funding round of €7 million ($7.8M).

The money was raised from invstors led by Notion Capital, with support from Partech Ventures and Holtzbrinck Ventures.

Upvest, founded as Tokn in 2017 by CEO Martin Kassing, develops fintech-ready APIs enabling financial service providers to store financial assets on the blockchain and opening up the investment playing field to consumers.

Typically, investment platforms require high minimum investments, due to high issuance, distribution and storage costs. This is particularly the case for the €10 trillion alternative investment market of high-performing assets such as private equity and real estate. The company's API is processed a volume of €50 million to date originating in 80 countries.